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India Inc's hiring outlook bullish for next 3 months
Indian employers expect to hire at a bullish pace for the next three months, primarily driven by manufacturing and engineering sectors, where job sentiment appears to have improved after a long time, a survey has said. According to recruitment platform MyHiringClub.Com, the hiring pace for the upcoming quarter is expected to rebound both in terms of last quarter and year-ago period in all industry sectors and regions.
New Delhi: Indian employers expect to hire at a bullish pace for the next three months, primarily driven by manufacturing and engineering sectors, where job sentiment appears to have improved after a long time, a survey has said. According to recruitment platform MyHiringClub.Com, the hiring pace for the upcoming quarter is expected to rebound both in terms of last quarter and year-ago period in all industry sectors and regions.
The Employment Outlook Survey for the second quarter of this fiscal, that covered 6,130 employers in India, said the net employment outlook for July-September quarter stood at 43 per cent. "The current government's initiatives, economic conditions and policies are resulting in stronger hiring outlook in all sectors primarily driven by manufacturing and engineering sectors where employer hiring sentiment appears to be improving after a long time," MyHiringClub.Com CEO Rajesh Kumar said.
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Sector-wise, the strongest hiring prospects were reported in manufacturing and engineering sector with a net employment outlook of 46 per cent, followed by banking and financial services (45 per cent) and infrastructure (44 per cent).Meanwhile, employers in all four regions expect a strong employment market in coming three months, with most optimistic forecast in the South, where the net employment outlook stood at 28 per cent.
Outlooks for the North, West and East were 26 per cent, 24 per cent and 22 per cent, respectively. MyHiringClub.Com employment outlook survey is conducted quarterly to measure employers' intentions to increase or decrease the number of employees in their workforce during the next quarter.
